When Migrant Remittances Are Not Everlasting, How Can Morocco Make Up?
AbstractIn this paper, I run a computable general equilibrium (CGE) model of the Moroccan economy to investigate the transmission channels through which remittances affect households and sectors. I give a particular attention to the investment of remittances in the real estate sector, by allowing a segmentation of the savings market. To begin with, I assess the negative impact of immigration restrictive policies and permanent migration on the future evolution of remittances. Then I ask what would be the appropriate policies to take the maximum profit from current flows. It turns out that channelling investment from real estate to productive sectors is unexpectedly harmful in terms of growth and welfare. Positive effects stem only from government ability to attract investors through an improvement in the country risk premium, and private efforts to reduce international transfer costs.
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Date of creation: 04 Feb 2008
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Sequential Dynamics; Computable General Equilibrium Model; Migration; Remittances.;
This paper has been announced in the following NEP Reports:
- NEP-AFR-2008-12-07 (Africa)
- NEP-ALL-2008-12-07 (All new papers)
- NEP-MIG-2008-12-07 (Economics of Human Migration)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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Documents de travail du Centre d'Economie de la Sorbonne
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